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Glendale CPA Practice
Sale Pending
Listing #: CAS5198
Location: California
Type: CPA TAX BOOKKEEPING PAYROLL
Annual Revenue: $1,600,000
Asking Price: $2,240,000
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Description:
• The owner is a CPA
• The seller works less than 500 billable hours for the year. A new owner has potential to generate more revenue if additional hours are worked.
• This practice was established in 2010
• Software in use includes Lacerte, QuickBooks, Payroll Relief, Track1099, Suralink
• Approximately $1,090,000 in annual revenue, via bookkeeping (79 clients)
• Approximately 140 individual tax returns with an average fee of $1,035 per return
• Approximately 160 business tax returns with an average fee of $1,780 per return
• Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $573,609 (2023)
• Lease is month-to-month. Space is a Class A building in the heart of downtown Glendale with modern office design.
• The seller works less than 500 billable hours for the year. A new owner has potential to generate more revenue if additional hours are worked.
• This practice was established in 2010
• Software in use includes Lacerte, QuickBooks, Payroll Relief, Track1099, Suralink
• Approximately $1,090,000 in annual revenue, via bookkeeping (79 clients)
• Approximately 140 individual tax returns with an average fee of $1,035 per return
• Approximately 160 business tax returns with an average fee of $1,780 per return
• Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $573,609 (2023)
• Lease is month-to-month. Space is a Class A building in the heart of downtown Glendale with modern office design.
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